Future FinTech (FTFT) 10-Q 19 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 15, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Future FinTech Group Inc.
Entity Central Index Key	1,066,923
Trading Symbol	FTFT
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		31,017,083

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 324,123	$ 4,586,757
Accounts receivable, net of allowance of $14,741,931 as of September 30, 2018 and $5,583,194 (CORRECTED) as of December 31, 2017, respectively	1,076,402	17,156,130
Other receivables	31,951,900	36,781,068
Inventories	2,104,171	2,097,307
Advances to suppliers and other current assets	5,751,077	1,437,657
TOTAL CURRENT ASSETS	41,207,673	62,058,919
PROPERTY, PLANT AND EQUIPMENT, NET	24,221,552	28,065,460
LAND USE RIGHT, NET	31,052,566	33,118,454
LONG TERM ASSETS	60,810,199	67,509,002
TOTAL ASSETS	157,291,990	190,751,835
CURRENT LIABILITIES
Accounts payable	35,142,773	11,349,288
Accrued expenses	66,810,494	99,910,577
Income tax payable	1,577
Advances from customers	4,310,425	655,938
Short-term bank loans	5,814,630	6,121,637
TOTAL CURRENT LIABILITIES	112,079,899	118,037,440
NON-CURRENT LIABILITIES
Long-term debt	21,136,179	22,252,150
Obligations under capital leases	16,634,135	17,512,402
TOTAL NON-CURRENT LIABILITIES	37,770,314	39,764,552
TOTAL LIABILITIES	149,850,213	157,801,992
Future Fintech Group Inc., Stockholders' equity
Series B Preferred stock, $0.001 par value; 10,000,000 shares authorized; None issued and outstanding as of September 30, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value; 60,000,000 shares authorized and 26,071,083 shares issued and outstanding as of September 30, 2018 and 8,333,333 shares authorized and 5,370,245 shares issued and outstanding as of December 31, 2017, respectively	26,071	5,173
Additional paid-in capital	109,246,500	109,090,782
Retained earnings	(26,177,587)	(2,346,689)
Accumulated other comprehensive loss	(96,345,146)	(94,142,481)
Total Future FinTech Group Inc. stockholders' equity	(13,250,162)	12,606,785
Non-controlling interests	20,691,939	20,343,058
TOTAL EQUITY	7,441,777	32,949,843
TOTAL LIABILITIES AND EQUITY	$ 157,291,990	$ 190,751,835

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivables, net of allowance	$ 14,741,931	$ 5,583,194
Series B Preferred stock, par value	$ 0.001	$ 0.001
Series B Preferred stock, shares authorized	10,000,000	10,000,000
Series B Preferred stock, shares issued
Series B Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	60,000,000	8,333,333
Common stock, shares issued	26,071,083	5,370,245
Common stock, shares outstanding	26,071,083	5,370,245

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Revenue	$ 308,691	$ 4,443,710	$ 1,658,911	$ 10,179,416
Cost of goods sold	459,893	4,519,587	1,574,843	8,427,936
Gross profit	(151,202)	(75,877)	84,068	1,751,480
Operating Expenses
General and administrative expenses	2,577,333	8,660,710	8,962,643	14,593,052
Selling expenses	14,982,148	221,684	15,088,692	727,641
Total operating expenses	17,559,481	8,882,394	24,051,335	15,320,693
Loss from operations	(17,710,683)	(8,958,271)	(23,967,267)	(13,569,213)
Other income (expense)
Interest income	9,317		8,289	2,032
Subsidy income		573,040		915,164
Interest expenses	(399,292)	(112,743)	(1,260,671)	(738,705)
Other income (expenses)	(115)	2,238,382	(7,492)	2,098,173
Total other income (expenses)	(390,090)	2,698,679	(1,259,874)	2,276,664
Loss before income tax	(18,100,773)	(6,259,592)	(25,227,141)	(11,292,549)
Income tax provision		(1,825)		258,260
Net loss	(18,100,773)	(6,257,767)	(25,227,141)	(11,550,809)
Less: Net loss attributable to non-controlling interests	(508,648)	2,971,298	(1,444,625)	2,767,477
NET LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP, INC.	(17,592,125)	(9,229,065)	(23,782,516)	(14,318,286)
Discontinued Operations (Note 11)
Loss from discontinued operations	1,128	(45,418)	(48,382)	(142,126)
NET LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP, INC.	(17,590,997)	(9,274,483)	(23,830,898)	(14,460,412)
Other comprehensive income (loss)
Foreign currency translation adjustment	348,796	4,953,922	(164,737)	7,912,158
Comprehensive loss	(17,750,849)	(1,349,263)	(25,440,260)	(4,500,777)
Comprehensive income (loss) attributable to non-controlling interests	(977,257)	1,195,760	(226,773)	452,317
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP, INC.	$ (18,728,106)	$ (153,503)	$ (25,667,033)	$ (4,048,460)
Loss per share:
Basic loss per share from continued operations	$ (0.94)	$ (1.89)	$ (1.27)	$ (3.01)
Basic loss per share from discontinued operations		(0.01)		(0.03)
Basic loss per share from net income	(0.94)	(1.90)	(1.27)	(3.04)
Diluted loss per share:
Diluted loss per share from continued operations	(0.93)	(1.86)	(1.26)	(2.97)
Diluted loss per share from discontinued operations		(0.01)		(0.03)
Diluted loss per share from net income	$ (0.93)	$ (1.87)	$ (1.26)	$ (3)
Weighted average number of shares outstanding
Basic	18,680,092	4,751,552	18,680,092	4,751,552
Diluted	18,907,150	4,814,052	18,907,150	4,814,052

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (23,830,898)	$ (14,460,412)
Adjustments to reconcile net loss to net cash provided by operating activities
Minority interest	1,444,625	2,767,477
Depreciation and amortization	9,718,294	2,341,178
Bad debt	14,931,963
Changes in operating assets and liabilities
Accounts receivable	6,120,377	6,908,544
Other receivable	(215,026)	(1,248,917)
Advances to suppliers and other current assets	(4,313,420)	5,384,278
Inventories	(6,864)	(1,021,369)
Accounts payable	23,865,067	(115,060)
Accrued expenses	(33,100,083)	1,250,827
Income tax payable	1,577	(796,119)
Advances from customers	3,654,487	453,592
Net cash provided by (used in) operating activities	(1,729,901)	1,464,019
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(1,902)	(1,042,191)
Proceeds from disposal of plant, property and equipment
Prepayment for other assets		851,294
Purchase of intangible assets
Net cash used in investing activities	(1,902)	(190,897)
CASH FLOWS FROM FINANCING ACTIVITIES
Issue of common stock		4,880,921
Decrease in restricted cash
Proceeds from short-term notes		139,599
Repayment of short-term bank loans		(690,739)
Repayment of long term debt
(Repayment) proceeds from related party loan		2,079,369
Payment for capital lease
Net cash provided by financing activities		6,409,150
Effect of change in exchange rate	(2,530,831)	(4,280,356)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,262,634)	3,401,916
Cash and cash equivalents, beginning of period	4,586,757	1,143,585
Cash and cash equivalents, end of period	324,123,000	4,545,501
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest		737,651
Cash paid for income taxes		258,260
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION
Transferred from other assets to property, plant and equipment and construction in process		$ 851,294

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows for the periods ended September 30, 2018 and 2017. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending December 31, 2018. The balance sheet at December 31, 2017 has been derived from the audited financial statements at that date. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2017 as included in our Annual Report on Form 10-K.

Business Description and Signif

Business Description and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Business Description and Significant Accounting Policies [Abstract]
Business Description and Significant Accounting Policies	2. Business Description and Significant Accounting Policies The principal activities of Future FinTech Group Inc. (together with our direct or indirect subsidiaries, “we,” “us,” “our” or “the Company”) consist of production and sales of fruit juice concentrates, fruit juice beverages and other fruit-related products in the People’s Republic of China (“PRC”, or “China”), and overseas markets. We are also currently in the process of transitioning our business into the following, most of which are still in the developmental stage: the design, development, testing, deployment and maintenance of a blockchain-based Globally Shared Shopping Mall and other related software systems; the operation of a supply chain, logistics and trading business for fruit juice products, foods and other consumer and agricultural products; bulk agricultural products spot trading business and financial technology businesses, including software development and information services for the financial leasing and project finance industries through intelligent investment advisory and blockchain technology; related asset and equity investment management; and the development and operation of a blockchain platform for cryptocurrency conversion between Bitcoin and mBTC and payment and other services (“DCON”). The Company’s activities are principally conducted by subsidiaries operating in the PRC. Organizational Structure Our current organizational structure is set forth in the diagram below: (1) Xi’an Qinmei Food Co., Ltd., an entity not affiliated with the Company, owns the remaining 8.85% of the equity interest in Shaanxi Qiyiwangguo. (2) Formerly known as Shaanxi Tianren Organic Food Co. Ltd. (3) Hedetang Foods Industry (Yidu) Co., Ltd. (“Foods Industry Yidu”), formerly known as SkyPeople Juice Group Yidu Orange Products Co., Ltd., was established on March 13, 2012. Its scope of business includes deep processing and sales of oranges. (4) Hedetang Agricultural Plantations (Yidu) Co., Ltd., formerly known as Hedetang Fruit Juice Beverages (Yidu) Co., Ltd., was established on March 13, 2012. Its scope of business includes the planting, acquisition and sales of vegetables, fruits, flowers, farm products; fresh fruit picking; research, training and promotion of planting and breeding technology. (5) SkyPeople (Suizhong) Fruit and Vegetable Products Co., Ltd. was established on April 26, 2012. Its scope of business includes the initial processing, quick-freezing and sales of agricultural products and related by-products. (6) Hedetang Farm Products Trading Market (Mei County) Co., Ltd., formerly known as SkyPeople Juice Group (Mei County) Kiwi Fruit and Farm Products Trading Market Co., Ltd. (“Kiwi Fruit & Farm Products”) was established on April 19, 2013. Its scope of business includes preliminary processing of agricultural and subsidiary products, establishment of trading markets for agriculture products, and similar activities. (7) Shaanxi Guo Wei Mei Kiwi Deep Processing Co., Ltd. was established on April 19, 2013. Its scope of business includes producing kiwi fruit juice, kiwi puree, cider beverages, and similar products. (8) Xi’an Hedetang Fruit Juice Beverages Co., Ltd. (“Xi’an Hedetang”) was established on March 31, 2014. Its scope of business includes the production and sales of fruit juice beverages. On August 10, 2017, it changed its name to Xi’an Hedetang Nutritious Food Research Institute Co., Ltd. (9) Xi’an Cornucopia International Co., Ltd. (“Cornucopia”) was established on July 2, 2014. Its scope of business includes the retail and wholesale of pre-packaged food. (10) Shaanxi Fruitee Fun Co., Ltd. (“Fruitee Fun”) was established on July 3, 2014. Its scope of business includes retail and wholesale of pre-packaged food. Shaanxi Fruitee Fun Co., Ltd. (also known as Shaanxi Guoweiduomei Beverage Co., Limited) changed its name to Hedetang Foods Industry (Xi’an) Co., Ltd. (“Foods Industry Xi’an”) on July 5, 2016. On June 6, 2017, it again changed its name to HedeJiachuan Foods (Xi’an) Co. Ltd. (11) Hedetang Holding Group Co., Ltd., formerly known as Hedetang Holding Co., Ltd., (“Hedetang Holding”) was established on July 21, 2014. Its scope of business includes corporate investment consulting, corporate management consulting, corporate image design and corporate marketing planning. On June 14, 2017, it changed its name to HedeJiachuan Holding Group Co. Ltd. (12) The Company acquired Huludao Wonder Co. Ltd. (“Huludao”) on September 10, 2008. Its scope of business mainly includes the manufacture and sale of concentrated fruit juice and fruit juice beverages. (13) The Company acquired Yingkou Trusty Fruits Co., Ltd. (“Yingkou”) on November 25, 2009. Its scope of business mainly includes the manufacture of concentrated fruit juice. (14) Hedetang Foods Industry (Jingyang) Co., Ltd. (“Foods Industry Jingyang”) was established on September 7, 2016. Its scope of business includes processing, storage and sales of farm products, fruits, tea and snacks; as well as research and promotion of processing technology of organic agriculture, fruit industry and agricultural products. (15) HedeJiachuan Foods (Yichang) Co. Ltd (“Hedejiachuan Yichang”), formerly known as Hedetang Farm Products Trading Market (Yidu) Co., Ltd., and Hedetang Foods Industry (Yichang) Co., Ltd, was established on March 23, 2016. Its scope of business includes construction, operation, and property management of a farm products trading market; e-commerce services for farm products; and construction and operation management of an e-commerce information platform. (16) Xi’an Hedetang E-Commerce Co., Ltd. was established on April 21, 2016. Its scope of business includes online sales of pre-packaged foods and bulk foods. (17) The Company acquired Hedetang Foods (China) Co., Ltd. (“Hedetang Foods China”) on May 18, 2016 through the acquisition of DigiPay FinTech Limited (formerly known as Belking Foods Holdings Group Co., Ltd.), the 100% indirect shareholder of Hedetang Foods China, on the same date. It changed its name to China Agricultural Silkroad Finance Lease Ltd. on May 24, 2018. The scope of business of China Agricultural Silkroad Finance Lease Ltd. includes finance leasing; purchasing leased property domestically and abroad; commercial factoring related to its main businesses; residual value processing related to the leasing business and similar activities. (18) Hedetang Agricultural Plantations (Mei County) Co., Ltd. was established on September 2, 2016. Its scope of business includes the planting, acquisition and sales of vegetables, fruits, flowers, Chinese herbal medicine, and farm products; fresh fruit picking; research, training and promotion of planting and breeding technology, development and training for E-commerce and online sales of agricultural and sideline products. On September 6, 2017, it changed its name to Shaanxi China Agricultural Silk Road Farm Products Trading Center Co., Ltd. (19) Hedetang Foods Industry (Zhouzhi) Co., Ltd. (“Foods Industry Zhouzhi”) was established on November 29, 2016. Its scope of business includes production, processing and sales of kiwifruit wine, juice, puree and beverages; storage and sales of fresh fruits; and import and export of a variety of products and technology. (20) Future FinTech (HongKong) Limited (“FinTech HK”), formerly known as Future World Trading (Hong Kong) and SkyPeople International Trading (HK) Limited, was first established on July 27, 2016. It mainly engages in the import and export of food products. (21) GlobalKey Supply Chain Limited, formerly known as Shaanxi Quangoutong E-commerce Inc., was acquired on May 27, 2017. Its main business scope includes computer hardware and software development and sales, electronic products and communication equipment, computer network engineering design, business information consultation, online sales and online marketing, and investment management. (22) Shaanxi Heying Trading Co. Ltd was established on December 17, 2009. Its main business scope includes the sales of pre-packaged food and bulk food; import and export of goods and technology; food technology research and development; business management and consulting, and corporate planning services. (23) Zhonglian Hengxin Assets Management Co., Ltd. (“Zhonglian Hengxin”) was established in Xi’an in 2017. Its main business scope includes asset management (except for financial, securities, futures and other restricted items); asset acquisition, asset disposal and asset operation (except for financial, securities, futures and other restricted items); planning and advisory for corporate restructure and merger and acquisition; equity and real estate investment (no public offerings, restricted to investment through assets of the company itself ); financial business process outsourcing entrusted by financial institutions; financial information technology outsourcing entrusted by financial institutions; financial knowledge process outsourcing. Businesses that require approval by government agencies shall only operate within the scope of such approval. (24) Shenzhen Hedetang Industrial Co., Ltd. (“Shenzhen Hedetang”) was established on September 29, 2017. Its main business scope includes industrial projects (specific items to be declared separately); domestic trade; and import and export businesses. (25) DigiPay FinTech Limited (“DigiPay FinTech”), formerly known as Belking Foods Holdings Group Co., Ltd., was established on May 3, 2016. (26) QR (HK) Limiter (“QR HK”), formerly known as GlobalKey Holdings Limited, was established on January 13, 2012 and its name was changed on October 23, 2018. It was established mainly to engage in the import and export of food products. (27) DCON DigiPay Limited (“DCON DigiPay”) was established on February 5, 2018 in Tokyo, Japan. Its main business scope includes the development and marketing of a blockchain based payment system, computer software, asset management consulting, and business consulting. (28) Future Digital FinTech (Xi’an) Ltd. (“FinTech (Xi’an)”) was established on February 9, 2018 in Xi’an. Its main business scope includes software development and marketing, information consulting services, and financial information technology development. (29) GlobalKey SharedMall Limited (“GlobalKey SharedMall”) was established on March 6, 2018 in the Cayman Islands. Its main business scope includes an online trading and shopping platform for fresh fruits, juices and other products and services, using blockchain technology. (30) Chain Future Digital Tech (Beijing) Ltd, (“Chain Future”) was established on July 10, 2018. Its main business scope includes technical services and technology transfer, development, promotion and consultation; wholesale of computers, software and auxiliary equipment, electronic products, and other related products. This company will focus its business on acting as an accelerator for blockchain projects and it plans to provide basic support including technical support, whitepaper editing, solution design and financial management services for its clients. Its business will also include training and cultivating technicians for blockchain projects, providing consultation services regarding cryptocurrency exchanges and tokens listing matters, as well as marketing-related services. Its named was changed to Future Digital Tech (Xi’an) Ltd. on May 24, 2018. Principles of Consolidation Our consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements are prepared in accordance with U.S. GAAP. This basis differs from that used in the statutory accounts of SkyPeople (China), Finance Lease, Hedejiachuan Holding Uses of Estimates in the Preparation of Financial Statements The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but are not limited to, the allowance for doubtful accounts receivable, estimated useful life and residual value of property, plant and equipment, provision for staff benefit, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from these estimates. Going on Concern The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. In 2018, the Company continued its transition into a financial technology, online sales and internet distribution business with blockchain technology. These businesses are still under development and have not generated any significant revenues. The ability of the Company to continue as a going concern is dependent upon its ability to successfully execute its new business strategy and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. The shared shopping mall platform invested in by the Company is expected to be in operation in December 2018. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business and technologies. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. The Chinese government has provided financial support to companies developing blockchain technologies in many regions of China. The Company expects to receive cash flow from the on-line trading and governmental funding. In addition, the Company is seeking equity cooperation for different projects related to the development of blockchain technologies, which could provide additional funding. In the past year, the Company funded operations by operating cash flow, using cash proceeds received from debt issuance of common stock. For the coming year, the Company plans to continue to fund the Company through cash flow from operation revenues and the other potential sources of funding discussed above. There can be no assurance that the Company will be able to achieve its business plan, raise any additional capital or secure the additional financing necessary to implement its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to significantly reduce its operating costs, increase its revenues and eventually regain profitable operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Shipping and Handling Costs Shipping and handling amounts billed to customers in related sales transactions are included in sales revenues and shipping expenses incurred by the Company are reported as a component of selling expenses. The shipping and handling expenses of $13,523 and $1,246 for the three months ended September 30, 2018 and 2017, respectively; and $156,729 and $327,097 for the nine months ended September 30, 2018 and 2017, respectively; are reported in the Consolidated Statements of Income and Comprehensive Income (Loss) as a component of selling expenses. Leases Leases are reviewed and classified as capital or operating at their inception in accordance with ASC Topic 840, Accounting for Leases Earnings Per Share (“EPS”) The Company adopted ASC Topic 215, Statement of Shareholder Equity Recent Accounting Pronouncement In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." The standard requires implementation costs incurred by customers in cloud computing arrangements to be capitalized and amortized under the same premises of authoritative guidance for internal-use software. Adoption of ASU 2018-15 did not have any other material effect on the results of operations, financial position or cash flows of the Company. In June 2018, the FASB issued Accounting Standards Update “ASU No. 2018-07 – Compensation – Stock Compensation”. The ASU expands the scope of current guidance to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. The guidance in the ASU is effective for the Company in all fiscal years beginning after December 15, 2018. Adoption of ASU 2018-07 did not have any other material effect on the results of operations, financial position or cash flows of the Company. February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220), “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued to allow the reclassification from accumulated other comprehensive income to retained earnings for the stranded tax effect resulting from the Tax Cuts and Jobs Act enacted on December 22, 2017. The Tax Cuts and Jobs Act, among other things, reduced the corporate tax rate from 35% to 21%, which required the re-evaluation of any deferred tax assets or liabilities at the lowered tax rate which potentially could leave disproportionate tax effects in accumulated other comprehensive income. ASU 2018-02 allows for the election to reclassify these stranded tax effects to retained earnings. ASU 2018-02 is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period for public business entities for reporting periods for which financial statements have not yet been issued. Adoption of ASU 2018-02 did not have any other material effect on the results of operations, financial position or cash flows of the Company. There were no other recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2018 compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 that are of significance or potential significance to us.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Inventories	3. Inventories Inventories by major categories are summarized as follows: September 30, December 31, (Unaudited) (Audited) Raw materials and packaging $ 951,136 $ 837,613 Finished goods 1,1 53,035 1,259,694 Inventories $ 2,104,171 $ 2,097,307

Related Party Transaction

Related Party Transaction	9 Months Ended
	Sep. 30, 2018
Related Party Transaction [Abstract]
Related Party Transaction	4. Related Party Transaction Sales to Related Party The Company’s subsidiary sold fruit beverages to a related entity, Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. (“Fullmart”) for approximately $0 and $58,972 for the nine months ended September 30, 2018 and 2017, respectively. The accounts receivable balances were approximately $0 as of September 30, 2018 and December 31, 2017, respectively. Fullmart is a company indirectly beneficially-owned by our Chairman and Chief Executive Officer, Mr. Yongke Xue. Long-term Loan – Related Party There were no long-term loans to a related party as of each of September 30, 2018 and 2017.

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2018
Concentrations [Abstract]
Concentrations	5. Concentrations (1) Concentration of Customers Sales to our five largest customers accounted for an aggregate of approximately 9% and 4% of our net sales during the three months ended September 30, 2018 and 2017, respectively. There was no single customer representing over 10% of total sales for the three months ended September 30, 2018 and September 30, 2017, respectively. (2) Concentration of Suppliers One supplier accounted for 10% and 11% of our purchases for the three months ended September 30, 2018 and 2017, respectively.

Issuance of Common Stock and Wa

Issuance of Common Stock and Warrants	9 Months Ended
	Sep. 30, 2018
Issuance of Common Stock and Warrants [Abstract]
Issuance of Common Stock and Warrants	6. Issuance of Common Stock and Warrants On November 2, 2017 (the “Agreement Date”), a wholly-owned indirect subsidiary of the Company, Hedetang Foods (China) Co., Ltd. (“Hedetang”), entered into a series of Creditor’s Rights Transfer Agreements (collectively, the “Acquisition Agreements”) with each of Shaanxi Chunlv Ecological Agriculture Co. Ltd., Shaanxi Boai Medical Technology Development Co., Ltd., and Shaanxi Fu Chen Venture Capital Management Co. Ltd. (collectively, the “Sellers”). Pursuant to the Acquisition Agreements, Hedetang agreed to purchase certain creditor’s rights associated with companies located in the PRC, for an aggregate purchase price of RMB 181,006,980 (approximately $27,344,096), of which RMB 108,604,188 (approximately $16,437,248.50) was paid in cash and RMB 72,402,792 (approximately $10,937,639) was paid in shares of common stock of the Company based on the average of the closing prices of Future FinTech’s common stock over the five trading days preceding the date of the Acquisition Agreements. A summary of the Acquisition Agreements is as follows: 1) Shaanxi Chunlv Ecological Agriculture Co. Ltd. agreed to transfer all its credit rights of principal and interest owed by Xi’an Tongji Department Store Co., Ltd. to Hedetang. As of the Agreement Date, the book balance of the principal was RMB 23,625,000, the interest was RMB 38,281,900, and the total credit balance, including the principal and the interest, was RMB 61,906,900, of which the RMB 19,757,800 credit was guaranteed by a third party company. 2) Shaanxi Chunlv Ecological Agriculture Co. Ltd. agreed to transfer all its credit rights of principal and interest owed by Shaanxi Youyi Co., Ltd. to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 45,345,000, the interest was RMB 71,224,300, and the total credit balance including the principal and the interest was RMB 116,569,300, all of which was guaranteed by a third party company. 3) Shaanxi Fu Chen Venture Capital Management Co., Ltd. agreed to transfer all its credit rights of principal and interest owed by State Owned Shaanxi No. 8 Cotton and Textile Mill to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 72,370,000, the interest was RMB 138,037,700, the total of credit including the principal and the interest was RMB 210,407,700, and there was no effective guarantee or pledged assets to secure this debt. 4) Shaanxi Boai Medical Technology Development Co., Ltd. agreed to transfer all its credit rights of principal and interest owed by Xi’an Yanliang Economic Development Co., Ltd. to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 6,350,000, the interest was RMB 9,834,300, and the total of credit including the principal and the interest was RMB 16,184,300, which is secured by certain land use rights. In connection with the Acquisition Agreements and to provide funding for their consummation, on November 3, 2017, the Company entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with Mr. Zeyao Xue (“Xue”) pursuant to which Future FinTech agreed to sell 11,362,159 shares of its common stock (the “Shares”) to Xue for an aggregate purchase price of $16,437,248.50. The per share price for the Shares was determined using the average closing price quoted on the NASDAQ Global Market for the common stock of the Company over the three (3) trading days prior to the date of the Share Purchase Agreement (the “Purchase Price”), subject to potential upward adjustment. The consummation of the Share Purchase Agreement was contingent on Future FinTech receiving shareholder approval at a Special Shareholders Meeting for an amendment to its articles of incorporation and the approval of Share issuance under the Share Purchase Agreement by the shareholders of the Company. On April 6, 2018, the Company issued an aggregate 7,111,599 shares of the Company’s common stock to three individuals designated by the Sellers in the respective amounts of 3,409,466, 3,323,225 and 378,908 shares, pursuant to the Acquisition Agreements, and 11,362,159 shares of the Company’s common stock pursuant to the Share Purchase Agreement, which such issuances were approved by the Company’s shareholders at a special meeting held on March 13, 2018. On January 23, 2018, DigiPay FinTech Limited (“DigiPay”), a limited liability company incorporated in the British Virgin Islands and a wholly-owned subsidiary of the Company, and Peng Youwang (“Peng”), a Chinese citizen, entered into a DCON Digital Assets Transfer Agreement (the “Agreement”). Under the terms of the Agreement, Peng transferred to DigiPay a 60% ownership interest in certain digital assets of DCON, a blockchain platform for cryptocurrency conversion, payment and other services (“DCON”), including but not limited to its business plan and white papers, business models, software, codes, architectures, codes, software, applications, technologies, patents, copyrights, trade secrets, customer lists, business points, trading platforms, digital rights, authentication systems, agreements and contracts, intellectual property, token, and the DCON communities established on Nova Realm City (the “Transfer Assets”) for an aggregate purchase price of $9,600,000 (the “Purchase Price”). The Company paid the Purchase Price by issuing to Peng 1,200,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), equaling a per share sale price of $8.00 (the “Share Payment”). Half of the shares of Common Stock subject to the Share Payment were issued within 30 days of the date of the Agreement, and the remaining Share Payment shares were issued within 90 days of the date of the Agreement. On May 3, 2018, the Company issued the remaining 600,000 shares of its common stock to Mr. Peng and his designee according to the Agreement. The Agreement also contains customary representations and warranties regarding the Transfer Assets and the ownership thereof, and covenants regarding the parties’ cooperation. DigiPay and Peng further agreed to establish a Japanese operating company for the Transfer Assets, of which DigiPay will hold a 60% ownership interest and Peng’s designee will hold a 40% ownership interest. On January 5, 2018, the Company issued 880,580 shares of its common stock to Reits (Beijing) Technology Co. Ltd., a limited liability company incorporated in China (“Reits”) pursuant to the Technology Development Service Contract (the “Service Agreement”) signed on December 18, 2017 by Reits and GlobalKey Supply Chain Ltd. (“GlobalKey”), a limited liability company incorporated in China and a wholly owned subsidiary of the Company. Under the Service Agreement, Reits shall provide services to GlobalKey relating to the design, development, testing, deployment and maintenance of a blockchain-based Globally Shared Shopping Mall and other software systems (the “System”). Following the completion and delivery of the System by Reits, (i) GlobalKey shall provide the hardware and network requirements for the trial deployment of the System, (ii) Reits shall provide training of GlobalKey’s staff in the use and operation of the System, and (iii) for a period of one year from the System delivery date and for no additional charge, Reits shall provide ongoing System maintenance and technical support (the “Free Maintenance Period”). Following the completion of the Free Maintenance Period, GlobalKey may elect to engage Reits for ongoing maintenance and technical support. Under the Service Agreement, GlobalKey shall pay Reits aggregate consideration of RMB 13,000,000 ($2,067,397), of which RMB 9,100,000 ($1,447,178) may be paid in shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a per share price equal to the average of the Common Stock’s closing prices over the 5 trading days prior to the date of the Agreement, or $1.554 per share (the “Share Payment”). The exchange rate between US$ and RMB for the payment is 1:6.65. The Share Payment was made within 15 business days of the date of the Service Agreement, and the remaining Service Agreement consideration shall be paid by GlobalKey in accordance with the schedule described in the Service Agreement. The Company paid RMB 876,663 ($139,416) and RMB 788,353 ($115,459) in cash to Reits in the first and second quarter of 2018, respectively. On April 12, 2017, the Company entered into the Purchase Agreement with certain purchasers (the “Purchasers”), pursuant to which the Company offered and sold to the Purchasers, in a registered direct offering, an aggregate of 862,097 shares (the “Shares”) of common stock, par value $0.001 per share (“Common Stock”). The Shares were sold to the Purchasers at a negotiated purchase price of $3.10 per share, for aggregate gross proceeds to the Company of $2,672,500, On January 5, 2018, the Company issued 30,000 shares of the Company’s common stock to a certain warrant holder for the exercise of Warrants. On February 28, 2017, the Company issued options to purchase 62,500 shares of the Company’s common stock with an exercise price equal to the fair market value of the Company’s Common Stock (as defined under the 2011 Stock Incentive Plan in conformity with Regulation 409A of the Internal Revenue Code of 1986, as amended) at the date of grant to three of the Company’s employees pursuant to the 2011 Stock Incentive Plan, which was approved by the Company’s shareholders at annual stockholders meeting on August 18, 2011. These options vested immediately on the grant date with a fair market value of $223,375 based on the fair value of $3.57 per share, which was determined by using the Black Scholes option pricing model. The Company recognized stock-based compensation expense of $223,375 in the first quarter of fiscal 2017 under the 2011 Stock Incentive Plan. On January 5, 2018, the Company issued 62,500 shares of the Company’s common stock to three of its employees for the exercise of such stock options. As of September 30, 2018, there were no shares of stock available for awards under the 2011 Stock Incentive Plan. As of September 30, 2018, there were 1,300,000 shares of stock available for awards under the 2017 Omnibus Equity Plan On March 29, 2017, the Company issued 250,000 shares of the Company’s unrestricted common stock to six of the Company’s employees pursuant to our 2015 Omnibus Equity Plan, which was approved by the Company’s shareholders at the annual stockholders meeting on November 19, 2015. The Company recorded an expense of $250 in the first quarter of fiscal 2017 under the 2015 Omnibus Equity Plan, reflecting a par value of $0.001 per share of the Company’s common stock. The Company’s 2015 Omnibus Equity Plan permits the grant of incentive stock options (“ISOs”), nonqualified stock options (“NQSOs”), stock appreciation rights (“SARs”), restricted stock, unrestricted stock and restricted stock units (“RSUs”) to its employees of up to 250,000 shares of Common Stock. As of September 30, 2018, there were no shares of stock available for awards under the 2015 Stock Incentive Plan.

Other Receivables

Other Receivables	9 Months Ended
	Sep. 30, 2018
Other Receivables [Abstract]
Other Receivables	7. Other Receivables As of September 30, 2018, the balance of other receivables was $31.1 million, which mainly consisted of a deposit of approximately $29.1 million for the purchase of a kiwi orchard in Mei County. In April 2016, the Company signed a letter of intent with Mei County Kiwifruits Investment and Development Corporation to purchase 833.5 mu (approximately 137.3 acres) of kiwifruits orchard in Mei County. The purchase price will be determined by a third-party valuation company appointed by both parties. As of the date of this report, the valuation has not been completed. The Company paid RMB 200 million (approximately $29.1 million) as a deposit (the “Deposit”) in the second quarter of 2016. The purchase is subject to government approval, approval by the Company’s Board of Directors and a definitive agreement negotiated and signed by the parties. As Mei County is in the process of governmental personnel change, the approval was delayed. Pursuant to the letter of intent, the Deposit shall be returned to the Company within 10 working days upon the request of the Company if the kiwifruits orchard cannot be transferred to the Company according to the schedule. As the previous staff of Mei County Kiwifruits Investment and Development Corporation were not satisfied with the redundancy compensation package, the valuation was delayed and the Company expects to complete the purchase process in the third quarter of 2019. As the transaction is not completed, the Company recorded this deposit as other receivables in its balance sheet.

Long-term Assets (CORRECTED)

Long-term Assets (CORRECTED)	9 Months Ended
	Sep. 30, 2018
Long-term Assets (CORRECTED) [Abstract]
Long-term Assets (CORRECTED)	8. Long-term Assets (CORRECTED) As of September 30, 2018, the balance of long-term assets was $60.8 million, which mainly consisted of a balance of approximately $28.8 million for the leasing fee for the kiwifruits orchard in Mei County and a balance of approximately $18.4 million for the leasing fee for the orange orchard in Yidu city. On August 3, 2016, Shaanxi Guoweimei Kiwi Deep Processing Company, an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 20,000 mu (approximately 3,292 acres) of a kiwifruits orchard located in Mei County, Shaanxi Province, with the Di’ErPo Committee of Jinqu Village, Mei County, Shaanxi for a term of 30 years, from August 5, 2016 to August 4, 2046. The annual leasing fee is RMB 1,250 (approximately $181) per mu, and payment of 10 years’ of leasing fees shall be made on each of September 25, 2016, 2026 and 2036. The Company made a payment of RMB 250 million (approximately $36.3 million) for the first 10 years’ leasing fees on August 15, 2016, which is recorded as deposit in the Company’s balance sheet. The Company has amortized $2,875,943 as expenses during the nine months ended September 30, 2018. On August 15, 2016, Hedetang Agricultural Plantations (Yidu) Co., Ltd., an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 8,000 mu (approximately 1,317 acres) of an orange orchard located in the city of Yidu, Hubei Province, with the Yidu Sichang Farmers Association, Hubei Province, for a term of 20 years, from September 22, 2016 to September 21, 2036. The annual leasing fee is RMB 2,000 (approximately $290) per mu, and payment of 10 years’ of leasing fees shall be made on each of September 25, 2016 and 2026. The Company made a payment of RMB 160 million (approximately $23.3 million) for the first 10 years’ of leasing fees on September 20, 2016, which is recorded as deposits in the Company’s balance sheet. The Company has amortized $1,840,603 as expenses during the nine months ended September 30, 2018.

Discontinued Operation

Discontinued Operation	9 Months Ended
	Sep. 30, 2018
Discontinued Operation [Abstract]
Discontinued Operation	9. Discontinued Operation The Company’s Huludao Wonder operation, a subsidiary which produced concentrated apple juice, suffered continued operating losses in the three fiscal years prior to 2016 and its cash flow was minimal for these three years. In December 2016, the Company established a winding-down plan to close this operation. Based on the restructuring plan and in accordance with EITF 03-13, the Company presented the operating results from Huludao Wonder as a discontinued operation, as the Company believed that no continued cash flow would be generated by the disposed component (Huludao Wonder) and that the Company would have no significant continuing involvement in the operation of the discontinued component. Management of the Company initiated a plan to sell the property located in Huludao in December 2016, and ceased the depreciation of the property in accordance with SFAS No. 144. In fiscal year 2017 and 2016, the Company recorded an impairment loss of $11.3 million and $2.4 million, respectively with respect to the concentrated fruit juice production equipment in Huludao Wonder. As of September 30, 2018, there was an outstanding bank loan of $5.8 million owed by Huludao Wonder to a lending bank. Huludao Wonder has disputed the interest rate on this loan with the bank, and stopped payment of interest on this loan during 2016. The bank sued Huludao Wonder and demanded that Huludao Wonder pay back the loan principal and the outstanding interest. The Huludao Court has seized land use rights, buildings and equipment of Huludao Wonder that were pledged as guarantee for the loan and has organized two auction sales for these assets in January and February of 2018, but both auction sales were unsuccessful in finding a buyer. As of the date of this report, the Company has not yet reached an agreement with the bank. On July 19, 2018, the Court issued verdict for Huludao Wonder to pay the outstanding principal and interest of the loan with Huludao Wonder’s land use rights, building, equipment, electronic and transportation assets. As of September 30, 2018, the inventory and fixed assets of Huludao Wonder have been fully impaired, and the book value of the land use right was approximately $4.2 million. Huludao Wonder plans to file for bankruptcy in the fourth quarter of 2018 after receiving board approval. During the process of winding down the Company’s operation in Huludao Wonder, the Company incurred general and administrative expenses of approximately $112,427 and $142,118 during the nine months ended September 30, 2018 and 2017, respectively. Loss from discontinued operations for the three and nine months ended September 30, 2018 and 2017 was as follows: For the Three Months For the Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 REVENUES $ - $ - $ - $ - COST OF SALES - - - - GROSS PROFIT - - - - OPERATING EXPENSES: General and administrative (62,917 ) (45,410 ) (112,427 ) (142,118 ) Selling expenses - - - - Total (62,917 ) (45,410 ) (112,427 ) (142,118 ) OTHER INCOME (EXPENSE) Interest expense - (8 ) - (9 ) Other income - - - 1 Total - (8 ) - (8 ) L oss (62,917 ) (45,418 ) (112,427 ) (142,126 ) Income tax provision - - - - LOSS FROM DISCONTINUED OPERATIONS $ (62,917 ) $ (45,418 ) (112,427 ) (142,126 ) The loss from discontinued operations was $112,427 and $142,126 for the nine months ended September 30, 2018 and 2017, respectively. The Company does not provide a separate cash flow statement for the discontinued operation. The loss from discontinued operations was deemed as cash outflow from operating activities of the discontinued operation. The Company believes there will not be any future significant cash flows from the discontinued operation, as the outstanding accounts receivable and accounts payable are immaterial to the Company’s financial position and liquidity.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Reporting	10. Segment Reporting The Company operates in six segments: concentrated apple juice and apple aroma, concentrated kiwifruit juice and kiwifruit puree, concentrated pear juice, fruit juice beverages, fresh fruits and vegetables, and others. Our concentrated apple juice and apple aroma was primarily produced by the Company’s Huludao Wonder factory; concentrated pear juice is primarily produced by the Company’s Jiangyang factory. The Company’s Huludao Wonder operation suffered continued operating losses in the three fiscal years prior to 2016 and its cash flow was minimal for these three years. In December 2016, the Company established a winding-down plan to close this operation. The Company’s Yingkou factory in Liaoning also did not produce any concentrated apple juice in the past two years due to lower market demand on concentrated apple juice and heavy competition in the international market. The Company uses the same production line to manufacture both concentrated apple juice and concentrated pear juice. Shaanxi Province, where the factory of Jianyang factory is located, is rich in fresh apple and pear supplies. Jinagyang factory also produces concentrated apple juice. Concentrated kiwifruit juice and kiwifruit puree is primarily produced by the Company’s Qiyiwangguo factory, and fruit juice beverages are primarily produced by the Company’s Qiyiwangguo factory. The Company’s other products include fructose, concentrated turnjujube juice, and other byproducts, such as kiwifruit seeds. The production of other products is based on customers’ orders. The other products sales amount is currently small and unpredictable. Concentrated fruit juice is used as a basic ingredient for manufacturing juice drinks and as an additive to fruit wine and fruit jam, cosmetics and medicines. The Company sells its concentrated fruit juice to domestic customers and exports directly or via distributors. The Company believes that its main export markets are the United States, the European Union, South Korea, Russia and the Middle East. The Company sells its Hedetang branded bottled fruit beverages domestically, primarily to supermarkets in the PRC. The Company sells its fresh fruit and vegetables to supermarkets and wholesalers in the PRC. Some of these product segments might never individually meet the quantitative thresholds for determining reportable segments and we determine the reportable segments based on the discrete financial information provided to the chief operating decision maker. The chief operating decision maker evaluates the results of each segment in assessing performance and allocating resources among the segments. Since there is an overlap of services provided and products manufactured between different subsidiaries of the Company, the Company does not allocate operating expenses and assets based on the product segments. Therefore, operating expenses and asset information by segment are not presented. Segment profit represents the gross profit of each reportable segment. For the three months ended September 30, 2018 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ - $ 82 $ 18 $ 202 $ 7 $ 309 Inter-segment loss - - - - - Revenue from external customers - 82 - 202 75 309 Segment gross loss $ - $ (6 ) $ 18 $ (134 ) $ (11 ) $ (151 ) For the three months ended September 30, 2017 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 1,122 $ 196 $ 26 $ 3,865 $ 15 $ 5,224 Inter-segment loss (560 ) (12 ) (13 ) (195 ) - (780 ) Revenue from external customers 562 184 13 3,670 15 4,444 Segment gross profit (loss) $ (30 ) $ 45 $ 1 $ (99 ) $ 7 $ (76 ) For the nine months ended September 30, 2018 (in thousands) Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 231 $ 538 $ 66 $ 1,158 $ 100 $ 2,093 Inter-segment loss (28 ) (143 ) (31 ) (230 ) 2 (434 ) Revenue from external customers 203 395 35 928 98 1,659 Segment gross profit (loss) $ 52 $ 17 $ 1 $ (8 ) $ 22 $ 84 For the nine months ended September 30, 2017 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 2,637 $ 579 $ 1,797 $ 9,517 $ 28 $ 14,558 Inter-segment loss (1,025 ) (84 ) (748 ) (2,521 ) (1 ) (4,379 ) Revenue from external customers 1,612 495 1,049 6,996 27 10,179 Segment gross profit $ 2 $ 126 $ 148 $ 1,462 $ 13 $ 1,751 The following table reconciles reportable segment profit to the Company’s condensed consolidated income before income tax provision for the three months ended September 30, 2018 and 2017: 2018 2017 Segment profit $ (151,202 ) $ (75,877 ) Unallocated amounts: Operating expenses (4,970,962 ) (8,882,394 ) Other income (expenses) (390,090 ) 2,698,679 Loss before tax provision $ (5,512,254 ) $ (6,259,592 )

Entry into a Material Definitiv

Entry into a Material Definitive Agreement	9 Months Ended
	Sep. 30, 2018
Entry into a Material Definitive Agreement [Abstract]
Entry into a Material Definitive Agreement.	11. Entry into a Material Definitive Agreement On June 22, 2018, Digipay Fintech Limited (“Digipay”), a limited liability company incorporated in a British Virgin Islands and a wholly-owned subsidiary of Future FinTech Group Inc. (the “Company”), Lake Chenliu, an individual resident of Costa Rica, and InUnion Chain Ltd. (“InUnion”), a British Virgin Islands company wholly owned by Mr. Chenliu, entered into an InUnion Chain Ltd. Shares Transfer and IUN Digital Assets Investment Agreement (the “Agreement”). Under the terms of the Agreement, Mr. Chenliu shall transfer to Digipay a 10% ownership interest in InUnion (the “InUnion Shares”) for an aggregate purchase price of $15,000,000 (the “Purchase Price”). The Company paid the Purchase Price on October 19, 2018 by issuing to Mr. Chenliu 5 million shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), equaling a per share sale price of $3.00 (the “Share Payment”). The Company is in the process of changing the shareholder's registration with the local government. Upon acquiring the InUnion Shares, Digipay will have access to, and use of, certain software, technology and related intellectual property of InUnion without further payment. Digipay will also have the right to designate a director nominee to the board of directors of InUnion. In addition to the InUnion Shares, Digipay shall also purchase 20,000,000 of the INU tokens issued by InUnion (the “INU Tokens”) for an aggregate purchase price of $1,000,000, which amount shall be paid in immediately available funds within 180 days of the date of the Agreement. Digipay may be issued additional INU Tokens and shares of InUnion’s capital stock in the event that, after being listed on a global digital assets exchange, the INU Tokens fail to maintain certain minimum trading price requirements.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies [Abstract]
Commitments And Contingencies	12. Commitments And Contingencies Litigation In April 2015, China Cinda Asset Management Co., Ltd. Shaanxi Branch (“Cinda Shaanxi Branch”) filed two enforcement proceedings with Xi’an Intermediate People’s Court (the “Court”) against the Company for alleged defaults pursuant to guarantees by the Company to its suppliers for a total amount of RMB 39,596,250 or approximately $5.8 million. In September 2014, two long term suppliers of pear, mulberry, and kiwi fruits to the Company requested that the Company provide guarantees for their loans with Cinda Shaanxi Branch. Considering the long term business relationship and to ensure the timely supply of raw materials, the Company agreed to provide guarantees on the value of the raw materials supplied to the Company. Because Cinda Shaanxi Branch is not a bank authorized to provide loans, it eventually provided financing to the two suppliers through the purchase of accounts receivables of the two suppliers with the Company. In July, 2014, the parties entered into two agreements – an Accounts Receivables Purchase and Debt Restructure Agreement, and Guarantee Agreements for Accounts Receivables Purchase and Debt Restructure. Pursuant to the agreements, Cinda Shaanxi Branch agreed to provide a RMB 100 million credit line on a rolling basis to the two suppliers and the Company agreed to pay its accounts payables to the two suppliers directly to Cinda Shaanxi Branch and provided guarantees for the two suppliers. In April 2015, Cinda Shaanxi Branch stopped providing financing to the two suppliers and the two suppliers were unable to continue the supply of raw materials to the Company. Consequently, the Company stopped making any payment to Cinda Shaanxi Branch. The Company has responded to the Court and taken the position that the financings under the agreements are essentially the loans from Cinda Shaanxi Branch to the two suppliers, and because Cinda Shaanxi Branch does not have permits to make loans in China, the agreements are invalid, void and had no legal effect from the beginning. Therefore, the Company has no obligation to repay the debts owed by the two suppliers to Cinda Shaanxi Branch. Upon the Court’s suggestion, parties agreed to a settlement discussion in April 2017. As a part of the settlement discussion, on April 18, 2017, the Company withdrew its non-enforcement request with the Court without prejudice. Both parties are still in the process of settlement negotiations. If the parties cannot reach a settlement agreement, the Company has the right to refile the non-enforcement request with the Court. As the Company may still be liable for this loan, the Company recorded expenses and liability of $5.8 million as the result of these two enforcement proceedings in the third quarter of 2018. Between October, 2013 and January, 2014, Xuzhou Jinkaifeng Glass Co. Ltd. (“JKF”) supplied glass bottles to SkyPeople China. SkyPeople China believed that the glass bottles supplied by JKF had quality issues and did not pay for the bottles delivered. In November, 2016, JKF filed a lawsuit against SkyPeople China with Xuzhou Tongshan District People’s Court. On July 27, 2017, SkyPeople China received judgment from Xuzhou Tongshan District People’s Court that SkyPeople China must pay JKF RMB 365,292 (approximately $55,040) for the glass bottles. SkyPeople China currently is in discussions with JKF on the payment terms and final amount in connection with the enforcement of the judgment. In April 2015, SkyPeople China entered into a loan agreement with Shaanxi Fangtian Decoration Co. Ltd. (“Fangtian”). Pursuant to the loan agreement, SkyPeople China borrowed RMB 3.5 million (approximately $508,780) from Fangtian. SkyPeople China has not repaid the loan and Fangtian filed a lawsuit with Xi’an Yanta District People’s Court (“Yanta District Court”). On August 10, 2017, Yanta District Court ruled against SkyPeople China and determined that SkyPeople China must repay the loan of RMB 3.5 million plus interest RMB of 402,500 (approximately $585,098). SkyPeople China currently is in discussions with Fangtian on the payment terms and the final amount. Shaanxi Hengtong Development Co. Ltd. (“Hengtong”) is a coal supplier to SkyPeople China’s Jingyang Branch (“SkyPeople Jingyang”). In November, 2016, Hengtong filed a lawsuit against SkyPeople Jingyang for unpaid coal deliveries and interest for a total amount of RMB 3,133,916 (approximately $455,564). On March 13, 2017, SkyPeople Jingyang received judgment from Jingyang County People’s Court ordering SkyPeople Jingyang to repay RMB 1.78 million (approximately $258,751) to Hengtong. SkyPeople Jingyang appealed the judgement to Xianyang Intermediate People’s Court, and on August 29, 2017, Xiangyang Intermediate Court affirmed the lower court’s decision. SkyPeople Jingyang currently is in discussions with Hengtong regarding payment terms and the final amount. In September 2016, the Suizhong Branch of Huludao Banking Co. Ltd. (“Suizhong Branch”) filed a lawsuit with Huludao Intermediate People’s Court (the “Huludao Court”) against the Company’s indirectly wholly-owned subsidiary Huludao Wonder Fruit Co., Ltd. (“Wonder Fruit”) and requested that Wonder Fruit repay a RMB 40 million (approximately $5.81 million) bank loan, plus interest. The loan became due on its maturity date of December 9, 2016. On December 19, 2016, the Huludao Court accepted the case. The Company has been disputing the interest rate of the loan with Suizhong Branch, and has not repaid the loan to date. Wonder Fruit believes that the interest charged by Suizhong Branch is 100% higher than the base rate set by People’s Bank of China and is not in consistent with the China People’s Bank’s base interest and floating rate. The Huludao Court has seized land use rights, buildings and equipment of Wonder Fruit that were pledged as guarantee for the loan and has organized two auction sales for these assets in January and February of 2018, but both auction sales have been unsuccessful in finding a buyer. On July 19, 2018, the Court issued a verdict ordering Huludao Wonder to transfer its land use rights, building, equipment, electronic and transportation assets to Zuizhong Branch as payment of the outstanding principal and interest of the loan. On June 29, 2015, SkyPeople China entered into a loan agreement with Beijing Bank. Pursuant to the loan agreement, SkyPeople China borrowed RMB 30 million (approximately $4.36 million) from Beijing Bank. Hongke Xue, Yongke Xue and Xiujun Wang provided guarantees for the loan and Shaanxi Boai Medical Technology Development Co., Ltd. (“Shaanxi Boai”) provided certain real estate property as a pledge for the loan. SkyPeople China did not repay the loan on time and Beijing Bank filed an enforcement request with Xi’an Intermediate People's Court in June 2017. The Xi’an Intermediate People’s Court has seized real estate properties pledged by Shaanxi Boai and Xiujun Wang. The Court has made inquiries to the Beijing Bank as to whether it is willing to accept the pledged real estate property of Shaanxi Boai as the repayment of the outstanding loan for the amount RMB 27,932,300 (approximately $4.06 million). The real estate property pledged by Xiujun Wang is her only residential property and Ms. Wang has raised objections to the enforcement action against her property with the Court. Xi’an Intermediate People's Court has rejected the objection application of Ms. Wang, who is not satisfied with the ruling and applied for reconsideration to Shaanxi Province Supreme Court. The reconsideration application is under review and the ruling has not yet taken effect. On March 8, 2016, SkyPeople China entered into a loan agreement with Ningxia Bank. Pursuant to the loan agreement, SkyPeople China borrowed RMB 25 million (approximately $3.63 million) from Ningxia Bank. Hongke Xue, Yongke Xue, Lake Chen, Shaanxi Boai Medical Technology Development Co., Ltd. and Shaanxi Qiyiwangguo provided guarantees for the loan. SkyPeople China also pledged 37 pieces of equipment and the related trademarks to Ningxia Bank for the loan. SkyPeople China has not repaid the loan and Ningxia Bank filed an enforcement action with Xi’an Intermediate people's court in August 2017. The Court has frozen the assets of SkyPeople China that were pledged as guarantee for the loan from being transferred to any third-party, but the freeze does not limit or affect the use of these properties by SkyPeople China for its business. In July, 2018, Shaanxi Qiyiwangguo filed a petition to the Court and requested the termination of the enforcement action on the basis that its guarantee of the loan was not valid because the seal used on the guarantee agreement was not authentic and the guarantee was not approved by the shareholders of Shaanxi Qiyiwangguo. The Court is in the process of reviewing the petition and the enforcement action has been suspended. On December 23, 2015, SkyPeople China entered into two loan agreements with China Construction Bank. Pursuant to the loan agreements, SkyPeople China borrowed RMB 13.90 million (approximately $2.02 million), and RMB 30 million (approximately $4.36 million) from China Construction Bank, respectively. Shaanxi Boai Medical Technology Development Co., Ltd. (“Boai”), Mr. Hongke Xue, Mr. Yongke Xue, Mrs. Xiujun Wang and Yingkou Trusty Fruits Co., Ltd. (“Yingkou”) provided pledges for the loans. SkyPeople China has not repaid the loans and China Construction Bank filed an enforcement action with Xi’an Intermediate People's Court in March 2017. The Court has seized and sold by auction certain park space and land use rights pledged by Xiujun Wang and Boai for approximately RMB 25,000,000. The Court also seized certain land use rights pledged by Yingkou Trusty Fruits Co., Ltd., but the auction sale for those rights was not successful. SkyPeople China currently is in discussions with China Construction Bank on the payment terms and the final amount. On May 9, 2016, SkyPeople China entered into loan agreements with China Construction Bank. Pursuant to the loan agreements, SkyPeople China borrowed RMB 22.9 million (approximately $3.33 million) from China Construction Bank. Shaanxi Province Credit Reassurance Company (“Credit Reassurance Company”) provided a guarantee to China Construction Bank for the loan, Mr. Hongke Xue and Mr. Yongke Xue provided their guarantees, and SkyPeople China provided an office space that it owned to Credit Reassurance Company as a pledge. SkyPeople China has not repaid the loan and Credit Reassurance Company repaid the loan for SkyPeople China. In June 2017, Credit Reassurance filed an enforcement action request with Xi’an Intermediate People’s Court in June 2017. In December 2017, the Xi’an Intermediate People’s Court seized the office space of SkyPeople China and put it up for auction sales in February and April 2018, but neither auction sale was successful. In June, 2018, the Court issued a verdict that the pledged office space shall be used as repayment of the debt in amount of RMB 12,214,800 (approximately $1.78 million) to Credit Reassurance Company. SkyPeople China shall repay the remaining debt of RMB 22,809,236 to Credit Reassurance Company. In August 2017, Cinda Capital Financing Co. Ltd. (“Cinda”) filed a lawsuit with Beijing 2 nd In August 2017, Cinda Capital Financing Co. Ltd. (“Cinda”) filed another lawsuit at Beijing Intermediate Court against the Company’s indirectly wholly-owned subsidiaries Guoweimei and SkyPeople China for repayment of leasing fee of RMB 84,970,959 (approximately $12.35 million) plus interest. In January 2014, Guoweimei and SkyPeople China (the “Equipment Lessees”) signed an Equipment Financial Lease Purchase Agreement with Cinda and an equipment supplier pursuant to which Cinda would provide funds to purchase equipment and the Equipment Lessees would lease the equipment from Cinda. Guoweimei pledged certain land use rights in Mei County to Cinda and Xi’an Hedetang and Hedetang Holding pledged their equities in Guoweimei to Cinda to secure the repayment. Mr. Hongke Xue also provided a personal guarantee for the payment of the leasing fee. Beijing Intermediate Court had two hearings of the case and on March 21, 2018, and it ruled in favor of Cinda to the effect that SkyPople China and Guoweimei shall pay leasing fees due in the amount of RMB 20,994,048 (approximately $3.05 million), as well as leasing fees not yet due in the amount of RMB 63,975,910 (approximately $9.30 million), plus attorney’s fee and expenses. Beijing Intermediate Court also ruled that Mr. Hongke Xue is jointly liable for the debt as the guarantor, and that Cinda has priority rights to the pledged land use rights in Mei County and the pledged equities of Guoweimei as well as the ownership of the leasing properties until the leasing fees are paid. SkyPeople China has appealed the decision to the Beijing Supreme Court. Beijing Supreme Court rejected the appeal and upheld the original verdict on September 7, 2018. On October 31, 2017, Xi’an Shanmei Food Co. Ltd. filed a lawsuit against Shaanxi Qiyiwangguo, a majority-owned subsidiary of the Company, with Zhouzhi County People’s Court in connection with a Land Lease Agreement entered into by the parties on October 1, 2013. On March 2, 2018, Zhouzhi County People’s Court issued verdict that: (i) the Land Lease Agreement was thereby terminated; (ii) Shaanxi Qiyiwangguo shall pay Xi’an Shanmei the outstanding leasing fee RMB 211,621 (approximately $30,762) and (iii) Shaanxi Qiyiwangguo shall return the 29.3 mu industrial use land to Xi’an Shanmei. Shaanxi Qiyiwangguo has appealed the decision to the Xi’an Intermediate People’s Court on the basis that: (x) the land use right was a capital contribution by Xi’an Shanmei for a shareholder of Shaanxi Qiyiwangguo who is also the sole shareholder of Xi’an Shanmei and Land Lease Agreement was invalid and has no legal effect; (y) Zhouzhi Court did not schedule the hearing for the count claims filed by Shaanxi Qiyiwangguo; and (z) Zhouzhi Court violated certain civil procedures during the trial of the case. Xi’an Intermediate People’s Court has not yet scheduled a hearing for the appeal. In September 2017, Andrew Chien, a former consultant of SkyPeople China, brought a lawsuit against the Company and Mr. Hongke Xue in the District Court of Connecticut (the “Court”). The complaint was not properly served and the Company learned of the litigation in December 2017. In the complaint, Mr. Chien has made several claims, most of which attempt to hold the Company liable under novel legal theories that relate back to an alleged breach of a consulting agreement between SkyPeople China and Chien from August, 2006. Mr. Chien claimed approximately $257,000 damages and interest plus 2% of the Company’s then-outstanding shares. Mr. Chien has unsuccessfully attempted to sue the Company on the breach of the same consulting agreement several times in the courts of Connecticut and New York, and these cases have been dismissed. The Company has filed a motion to dismiss (“MTD”) and all proceedings are stayed pending determination of the MTD. On August 31, 2018, the Court granted our MTD. On September 10, 2018, Mr. Chien filed motion for reconsideration. On September 28, 2018, the Court denied Mr. Chien’s motion for reconsideration. On October 26, 2018, Mr. Chien appealed the case to the United States Court of Appeals for the Federal Circuit. The Company will vigorously defend this lawsuit and expects to obtain early dismissal of Mr. Chien’s claims. In the past couple of years, to expand our production and diversify our products and businesses, our subsidiaries in China borrowed funds from certain banks for our new construction projects. Because the business environment for manufacturing industries and financing conditions for privately-owned companies in China have deteriorated, banks have started to collect loans before their maturity dates for their own capital security, which has interrupted our business plans. In June 2017, one of the banks from which we had borrowed funds sent us an early payment request and applied for enforcement action with a local court, which led to other similar actions by other banks from which we had taken loans, who all declared their loans due and applied for enforcement actions. Due to these simultaneous demands, our subsidiaries have not been able to repay all the loans in a short period of time. Our subsidiaries have been in discussion with the banks to find solutions for the outstanding loans. The enforcement actions made by the banks are the usual practices used by the banks which do not cause actual impact to our daily business operation except for the borrowing from the banks or third parties. After discussions and negotiations with the banks, we will cooperate with each party to solve issues relating to our loans.

Acquisition of a Business

Acquisition of a Business	9 Months Ended
	Sep. 30, 2018
Acquisition of a Business [Abstract]
Acquisition of A Business	13. Acquisition of A Business On January 23, 2018, DigiPay FinTech Limited (“DigiPay”), a limited liability company incorporated in British Virgin Islands and a wholly-owned subsidiary of the Company, and Peng Youwang (“Peng”), a Chinese citizen, entered into a DCON Digital Assets Transfer Agreement (the “Agreement”). Under the terms of the Agreement, Peng transferred to DigiPay a 60% ownership interest in certain digital assets of DCON, a blockchain platform for cryptocurrency conversion, payment and other services (“DCON”), including but not limited to its business plan and white papers, business models, software, codes, architectures, codes, software, applications, technologies, patents, copyrights, trade secrets, customer lists, business points, trading platforms, digital rights, authentication systems, agreements and contracts, intellectual property, token and the DCON communities established on Nova Realm City (the “Transfer Assets”) for an aggregate purchase price of $9,600,000 (the “Purchase Price”). The Company will pay the Purchase Price by issuing to Peng 1,200,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), equaling a per share sale price of $8.00 (the “Share Payment”). On February 6, 2018, the Company issued 600,000 shares of its common stock to Mr. Peng and his designee according to the Agreement. On May 3, 2018, the Company issued the remaining 600,000 shares of its common stock to Mr. Peng and his designee according to the Agreement. The Agreement also contains customary representations and warranties regarding the Transfer Assets and the ownership thereof, and covenants regarding the parties’ cooperation. DigiPay and Peng established a Japanese operating company DCON DigiPay Limited for the Transfer Assets in February 2018, of which DigiPay holds a 60% ownership interest and Peng’s designee holds a 40% ownership interest.

Correction of an Error

Correction of an Error	9 Months Ended
	Sep. 30, 2018
Correction of an Error [Abstract]
Correction of an Error	14. Correction of an Error The Company’s allowance for bad debt was $5,583,194 as of December 31, 2017, March 31, 2018 and June 30, 2018, respectively, which was disclosed incorrectly as “ $3,081,437 The Company recorded the leasing fee for the kiwifruits orchard in Mei County and Yidu city as long-term assets. These were mistakenly disclosed as “Deposits” in the note portion of the financial statements for the quarter ended March 31, 2018 and June 30, 2018. It is corrected as “long-term assets” in the note portion of this report. The balance for the leasing fee for the kiwifruits orchard in Mei County was approximately $30.9 million as of June 30, 2018, and the balance for the leasing fee for the orange orchard in Yidu city was approximately $20.0 million as of June 30,2018. These amounts were disclosed incorrectly in the note portion for the 10Q report for the quarter ended June 30, 2018. The Company noticed the above errors during a subsequent review. As these errors do not have an impact on the Company’s financial statement, the financial statement mentioned above were not restated.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2018
Subsequent Event [Abstract]
Subsequent Event	15. Subsequent Event

Business Description and Sign_2

Business Description and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Business Description and Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements are prepared in accordance with U.S. GAAP. This basis differs from that used in the statutory accounts of SkyPeople (China), Finance Lease, Hedejiachuan Holding
Uses of Estimates in the Preparation of Financial Statements	Uses of Estimates in the Preparation of Financial Statements The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but are not limited to, the allowance for doubtful accounts receivable, estimated useful life and residual value of property, plant and equipment, provision for staff benefit, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from these estimates.
Going on Concern	Going on Concern The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. In 2018, the Company continued its transition into a financial technology, online sales and internet distribution business with blockchain technology. These businesses are still under development and have not generated any significant revenues. The ability of the Company to continue as a going concern is dependent upon its ability to successfully execute its new business strategy and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. The shared shopping mall platform invested in by the Company is expected to be in operation in December 2018. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business and technologies. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. The Chinese government has provided financial support to companies developing blockchain technologies in many regions of China. The Company expects to receive cash flow from the on-line trading and governmental funding. In addition, the Company is seeking equity cooperation for different projects related to the development of blockchain technologies, which could provide additional funding. In the past year, the Company funded operations by operating cash flow, using cash proceeds received from debt issuance of common stock. For the coming year, the Company plans to continue to fund the Company through cash flow from operation revenues and the other potential sources of funding discussed above. There can be no assurance that the Company will be able to achieve its business plan, raise any additional capital or secure the additional financing necessary to implement its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to significantly reduce its operating costs, increase its revenues and eventually regain profitable operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling amounts billed to customers in related sales transactions are included in sales revenues and shipping expenses incurred by the Company are reported as a component of selling expenses. The shipping and handling expenses of $13,523 and $1,246 for the three months ended September 30, 2018 and 2017, respectively; and $156,729 and $327,097 for the nine months ended September 30, 2018 and 2017, respectively; are reported in the Consolidated Statements of Income and Comprehensive Income (Loss) as a component of selling expenses.
Leases	Leases Leases are reviewed and classified as capital or operating at their inception in accordance with ASC Topic 840, Accounting for Leases
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) The Company adopted ASC Topic 215, Statement of Shareholder Equity
Recent Accounting Pronouncement	Recent Accounting Pronouncement In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." The standard requires implementation costs incurred by customers in cloud computing arrangements to be capitalized and amortized under the same premises of authoritative guidance for internal-use software. Adoption of ASU 2018-15 did not have any other material effect on the results of operations, financial position or cash flows of the Company. In June 2018, the FASB issued Accounting Standards Update “ASU No. 2018-07 – Compensation – Stock Compensation”. The ASU expands the scope of current guidance to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. The guidance in the ASU is effective for the Company in all fiscal years beginning after December 15, 2018. Adoption of ASU 2018-07 did not have any other material effect on the results of operations, financial position or cash flows of the Company. February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220), “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued to allow the reclassification from accumulated other comprehensive income to retained earnings for the stranded tax effect resulting from the Tax Cuts and Jobs Act enacted on December 22, 2017. The Tax Cuts and Jobs Act, among other things, reduced the corporate tax rate from 35% to 21%, which required the re-evaluation of any deferred tax assets or liabilities at the lowered tax rate which potentially could leave disproportionate tax effects in accumulated other comprehensive income. ASU 2018-02 allows for the election to reclassify these stranded tax effects to retained earnings. ASU 2018-02 is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period for public business entities for reporting periods for which financial statements have not yet been issued. Adoption of ASU 2018-02 did not have any other material effect on the results of operations, financial position or cash flows of the Company. There were no other recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2018 compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 that are of significance or potential significance to us.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Schedule of inventories by major categories	September 30, December 31, (Unaudited) (Audited) Raw materials and packaging $ 951,136 $ 837,613 Finished goods 1,1 53,035 1,259,694 Inventories $ 2,104,171 $ 2,097,307

Discontinued Operation (Tables)

Discontinued Operation (Tables)	9 Months Ended
	Sep. 30, 2018
Discontinued Operation [Abstract]
Schedule of loss from discontinued operations	For the Three Months For the Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 REVENUES $ - $ - $ - $ - COST OF SALES - - - - GROSS PROFIT - - - - OPERATING EXPENSES: General and administrative (62,917 ) (45,410 ) (112,427 ) (142,118 ) Selling expenses - - - - Total (62,917 ) (45,410 ) (112,427 ) (142,118 ) OTHER INCOME (EXPENSE) Interest expense - (8 ) - (9 ) Other income - - - 1 Total - (8 ) - (8 ) L oss (62,917 ) (45,418 ) (112,427 ) (142,126 ) Income tax provision - - - - LOSS FROM DISCONTINUED OPERATIONS $ (62,917 ) $ (45,418 ) (112,427 ) (142,126 )

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of segment profit representing the gross profit	For the three months ended September 30, 2018 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ - $ 82 $ 18 $ 202 $ 7 $ 309 Inter-segment loss - - - - - Revenue from external customers - 82 - 202 75 309 Segment gross loss $ - $ (6 ) $ 18 $ (134 ) $ (11 ) $ (151 ) For the three months ended September 30, 2017 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 1,122 $ 196 $ 26 $ 3,865 $ 15 $ 5,224 Inter-segment loss (560 ) (12 ) (13 ) (195 ) - (780 ) Revenue from external customers 562 184 13 3,670 15 4,444 Segment gross profit (loss) $ (30 ) $ 45 $ 1 $ (99 ) $ 7 $ (76 ) For the nine months ended September 30, 2018 (in thousands) Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 231 $ 538 $ 66 $ 1,158 $ 100 $ 2,093 Inter-segment loss (28 ) (143 ) (31 ) (230 ) 2 (434 ) Revenue from external customers 203 395 35 928 98 1,659 Segment gross profit (loss) $ 52 $ 17 $ 1 $ (8 ) $ 22 $ 84 For the nine months ended September 30, 2017 (in thousands): Concentrated apple juice and apple Concentrated kiwifruit Concentrated pear juice Fruit juice beverages Others Total Reportable segment revenue $ 2,637 $ 579 $ 1,797 $ 9,517 $ 28 $ 14,558 Inter-segment loss (1,025 ) (84 ) (748 ) (2,521 ) (1 ) (4,379 ) Revenue from external customers 1,612 495 1,049 6,996 27 10,179 Segment gross profit $ 2 $ 126 $ 148 $ 1,462 $ 13 $ 1,751
Schedule of reconciles reportable segment profit	2018 2017 Segment profit $ (151,202 ) $ (75,877 ) Unallocated amounts: Operating expenses (4,970,962 ) (8,882,394 ) Other income (expenses) (390,090 ) 2,698,679 Loss before tax provision $ (5,512,254 ) $ (6,259,592 )

Business Description and Sign_3

Business Description and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	May 18, 2016
Business Description and Significant Accounting Policies (Textual)
Shipping and handling expenses	$ 13,523	$ 1,246	$ 156,729	$ 327,097
Corporate tax rate, description			The Tax Cuts and Jobs Act, among other things, reduced the corporate tax rate from 35% to 21%, which required the re-evaluation of any deferred tax assets or liabilities at the lowered tax rate which potentially could leave disproportionate tax effects in accumulated other comprehensive income.
Xi'an Qinmei Food Co., Ltd. [Member]
Business Description and Significant Accounting Policies (Textual)
Equity interest, ownership percentage	8.85%		8.85%
Hedetang Foods (China) Co., Ltd. [Member]
Business Description and Significant Accounting Policies (Textual)
Equity interest, ownership percentage					100.00%

Inventories (Details)

Inventories (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Inventories [Abstract]
Raw materials and packaging	$ 951,136	$ 837,613
Finished goods	1,153,035	1,259,694
Inventories	$ 2,104,171	$ 2,097,307

Related Party Transaction (Deta

Related Party Transaction (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Related Party Transaction (Textual)
Accounts receivable balances	$ 0		$ 0
Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. [Member]
Related Party Transaction (Textual)
Fruit beverage sales	$ 0	$ 58,972

Concentrations (Details)

Concentrations (Details)	3 Months Ended
	Sep. 30, 2018CustomerSupplier	Sep. 30, 2017CustomerSupplier
Concentrations (Textual)
Concentration risk, description	There was no single customer representing over 10% of total sales.	There was no single customer representing over 10% of total sales.
Concentration of Customers [Member] | Net sales [Member]
Concentrations (Textual)
Number of customers | Customer	5	5
Concentration risk, percentage	9.00%	4.00%
Concentration of Suppliers [Member] | Purchases [Member]
Concentrations (Textual)
Number of suppliers | Supplier	1	1
Concentration risk, percentage	10.00%	11.00%

Issuance of Common Stock and _2

Issuance of Common Stock and Warrants (Details) - USD ($)

May 03, 2018

Jan. 23, 2018

Jan. 05, 2018

Nov. 02, 2017

Apr. 12, 2017

Mar. 29, 2017

Apr. 06, 2018

Nov. 03, 2017

Feb. 28, 2017

Mar. 31, 2017

Sep. 30, 2018

Sep. 30, 2017

Dec. 31, 2017

Issuance of Common Stock and Warrants (Textual)

Common stock, par value

$ 0.001

$ 0.001

Gross proceeds purchase of shares

$ 4,880,921

Exercise of stock option granted

62,500

Seller one [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

3,409,466

Seller two [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

3,323,225

Seller three [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

378,908

Hedetang Foods (China) Co., Ltd. [Member]

Issuance of Common Stock and Warrants (Textual)

Description of acquisition agreements

1) Shaanxi Chunlv Ecological Agriculture Co. Ltd. agreed to transfer all its credit rights of principal and interest owed by Xi'an Tongji Department Store Co., Ltd. to Hedetang. As of the Agreement Date, the book balance of the principal was RMB 23,625,000, the interest was RMB 38,281,900, and the total credit balance, including the principal and the interest was RMB 61,906,900, of which the RMB 19,757,800 credit was guaranteed by a third party company. 2) Shaanxi Chunlv Ecological Agriculture Co. Ltd. agreed to transfer all its credit rights of principal and interest owed by Shaanxi Youyi Co., Ltd. to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 45,345,000, the interest was RMB 71,224,300, and the total credit balance including the principal and the interest was RMB 116,569,300, all of which was guaranteed by a third party company. 3) Shaanxi Fu Chen Venture Capital Management Co., Ltd. agreed to transfer all its credit rights of principal and interest owed by State Owned Shaanxi No. 8 Cotton and Textile Mill to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 72,370,000, the interest was RMB 138,037,700, and the total of credit including the principal and the interest was RMB 210,407,700, and there was no effective guarantee or pledged assets to secure this debt. 4) Shaanxi Boai Medical Technology Development Co., Ltd. agreed to transfer all its credit rights of principal and interest owed by Xi'an Yanliang Economic Development Co., Ltd. to Hedetang. As of the Agreement Date, the book balance for the principal was RMB 6,350,000, the interest was RMB 9,834,300, and the total of credit including the principal and the interest was RMB 16,184,300, which is secured by certain land use rights.

Omnibus Equity Plan [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

250,000

Expenses under equity plan

$ 250

Stock available for awards incentive stock options

1,300,000

Common stock, par value

$ 0.001

Peng Youwang [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

600,000

Purchase price per share

$ 8

Purchase price of shares common stock

1,200,000

Fair value of options to purchase common stock

$ 9,600,000

Common stock, par value

$ 0.001

Description of acquisition agreements

Pursuant to the Acquisition Agreements, Hedetang agreed to purchase certain creditor's rights of associated with companies located in the PRC for an aggregate purchase price of RMB 181,006,980 (approximately $27,344,096), of which RMB 108,604,188 (approximately $16,437,248.50) were paid in cash and RMB 72,402,792 (approximately $10,937,639) were paid in shares of common stock of the Company based on the average of the closing prices of Future FinTech's common stock over the five trading days preceding the date of the Acquisition Agreements.

Ownership interest percentage, description

DigiPay and Peng further agreed to establish a Japanese operating company for the Transfer Assets, of which DigiPay will hold a 60% ownership interest and Peng's designee will hold a 40% ownership interest.

Warberg WF V LP [Member]

Issuance of Common Stock and Warrants (Textual)

Exercise of warrants

30,000

Reits (Beijing) Technology Co. Ltd. [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

880,580

GlobalKey Supply Chain Ltd. [Member]

Issuance of Common Stock and Warrants (Textual)

Agreement, description

(i) GlobalKey shall provide the hardware and network requirements for the trial deployment of the System, (ii) Reits shall provide training of GlobalKey's staff in the use and operation of the System, and (iii) for a period of one year from the System delivery date and for no additional charge, Reits shall provide ongoing System maintenance and technical support (the "Free Maintenance Period"). Following the completion of the Free Maintenance Period, GlobalKey may elect to engage Reits for ongoing maintenance and technical support. Under the Service Agreement, GlobalKey shall pay Reits aggregate consideration of RMB 13,000,000 ($2,067,397), of which RMB 9,100,000 ($1,447,178) may be paid in shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), at a per share price equal to the average of the Common Stock's closing prices over the 5 trading days prior to the date of the Agreement, or $1.554 per share (the "Share Payment"). The exchange rate between US$ and RMB for the payment is 1:6.65. The Share Payment was made within 15 business days of the date of the Service Agreement, and the remaining Service Agreement consideration shall be paid by GlobalKey in accordance with the schedule described in the Service Agreement. The Company has paid RMB 876,663 ($139,416) and RMB 788,353 ($115,459) in cash to Reits in the first and second quarter of 2018, respectively.

DCON [Member]

Issuance of Common Stock and Warrants (Textual)

Ownership interest percentage, description

60% ownership interest

2011 Stock Incentive Plan [Member]

Issuance of Common Stock and Warrants (Textual)

Options issued to purchase of common stock

62,500

Exercise price of stock options granted

$ 223,375

Fair value of options issuable, per share

$ 3.57

Stock-based compensation expense

$ 223,375

Restricted stock units [Member] | Omnibus Equity Plan [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

250,000

Securities Purchase Agreement [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

862,097

Purchase price per share

$ 3.10

Common stock, par value

0.001

Warrant exercise price

$ 5.20

Aggregate gross proceeds

$ 2,672,500

Share Purchase Agreement [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

11,362,159

Purchase price per share

$ 16,437,248.50

Purchase price of shares common stock

11,362,159

Acquisition Agreements [Member]

Issuance of Common Stock and Warrants (Textual)

Common stock shares, issued

7,111,599

Other Receivables (Details)

Other Receivables (Details) ¥ in Millions	1 Months Ended
	Apr. 30, 2016	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Other Receivables (Textual)
Other receivables		$ 31,951,900	$ 36,781,068
Kiwifruits orchard [Member]
Other Receivables (Textual)
Other receivables		31,100,000
Deposits		$ 29,100,000
Mei County Kiwifruits Investment and Development Corporation [Member]
Other Receivables (Textual)
Deposits				$ 29,100,000	¥ 200
Description of purchase price	The Company signed a letter of intent with Mei County Kiwifruits Investment and Development Corporation to purchase 833.5 mu (approximately 137.3 acres) of kiwifruits orchard in Mei County.

Long-term Assets (CORRECTED) (D

Long-term Assets (CORRECTED) (Details)	Aug. 03, 2016USD ($)	Aug. 03, 2016CNY (¥)	Sep. 20, 2016USD ($)	Sep. 20, 2016CNY (¥)	Aug. 15, 2016USD ($)	Aug. 15, 2016CNY (¥)	Sep. 30, 2018USD ($)
Long-term Assets (Textual)
Payment of leasing fees			$ 23,300,000	¥ 160,000,000	$ 36,300,000	¥ 250,000,000
Lease agreement, description	Shaanxi Guoweimei Kiwi Deep Processing Company, an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 20,000 mu (approximately 3,292 acres) of a kiwifruits orchard.	Shaanxi Guoweimei Kiwi Deep Processing Company, an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 20,000 mu (approximately 3,292 acres) of a kiwifruits orchard.			Hedetang Agricultural Plantations (Yidu) Co., Ltd., an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 8,000 mu (approximately 1,317 acres) of an orange orchard.	Hedetang Agricultural Plantations (Yidu) Co., Ltd., an indirectly wholly-owned subsidiary of the Company, signed a lease agreement for 8,000 mu (approximately 1,317 acres) of an orange orchard.
Term of lease agreement	30 years	30 years			20 years	20 years
Annual leasing fee	$ 181	¥ 1,250			$ 290	¥ 2,000
Term of leasing fees	10 years	10 years			10 years	10 years
Shaanxi Guoweimei Kiwi Deep Processing Company [Member]
Long-term Assets (Textual)
Amortization expense							$ 2,875,943
Hedetang Agricultural Plantations (Yidu) Co., Ltd [Member]
Long-term Assets (Textual)
Amortization expense							1,840,603
Kiwifruits orchard in Mei County [Member]
Long-term Assets (Textual)
Balance of long-term assets							60,800,000
Payment of leasing fees							28,800,000
Orange orchard in Yidu city [Member]
Long-term Assets (Textual)
Payment of leasing fees							$ 18,400,000

Discontinued Operation (Details

Discontinued Operation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Discontinued Operation [Abstract]
REVENUES
COST OF SALES
GROSS PROFIT
OPERATING EXPENSES:
General and administrative	(62,917)	(45,410)	(112,427)	(142,118)
Selling expenses
Total	(62,917)	(45,410)	(112,427)	(142,118)
OTHER INCOME (EXPENSE)
Interest expense		(8)		(9)
Other income				1
Total		(8)		(8)
Loss from discontinued operations before income tax	(62,917)	(45,418)	(112,427)	(142,126)
Income tax provision
LOSS FROM DISCONTINUED OPERATIONS	$ (62,917)	$ (45,418)	$ (112,427)	$ (142,126)

Discontinued Operation (Detai_2

Discontinued Operation (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Discontinued Operations (Textual)
Impairment loss					$ 11,300,000	$ 2,400,000
General and administrative	$ 62,917	$ 45,410	$ 112,427	$ 142,118
Loss from discontinued operations	(62,917)	$ (45,418)	(112,427)	(142,126)
Outstanding bank loan	5,800,000		5,800,000
Huludao Wonder [Member]
Discontinued Operations (Textual)
General and administrative			112,427	142,118
Loss from discontinued operations			112,427	$ 142,126
Land use right [Member]
Discontinued Operations (Textual)
Book value of assets held for sale	$ 4,200,000		$ 4,200,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Reportable segment revenue	$ 309	$ 5,224	$ 2,093	$ 14,558
Inter-segment loss		(780)	(434)	(4,379)
Revenue from external customers	309	4,444	1,659	10,179
Segment gross profit (loss)	(151)	(76)	84	1,751
Concentrated apple juice and apple aroma [Member]
Reportable segment revenue		1,122	231	2,637
Inter-segment loss		(560)	(28)	(1,025)
Revenue from external customers		562	203	1,612
Segment gross profit (loss)		(30)	52	2
Concentrated kiwifruit juice and kiwifruit puree [Member]
Reportable segment revenue	82	196	538	579
Inter-segment loss		(12)	(143)	(84)
Revenue from external customers	82	184	395	495
Segment gross profit (loss)	(6)	45	17	126
Concentrated pear juice [Member]
Reportable segment revenue	18	26	66	1,797
Inter-segment loss		(13)	(31)	(748)
Revenue from external customers		13	35	1,049
Segment gross profit (loss)	18	1	1	148
Fruit juice beverages [Member]
Reportable segment revenue	202	3,865	1,158	9,517
Inter-segment loss		(195)	(230)	(2,521)
Revenue from external customers	202	3,670	928	6,996
Segment gross profit (loss)	(134)	(99)	(8)	1,462
Others [Member]
Reportable segment revenue	7	15	100	28
Inter-segment loss			2	(1)
Revenue from external customers	75	15	98	27
Segment gross profit (loss)	$ (11)	$ 7	$ 22	$ 13

Segment Reporting (Details 1)

Segment Reporting (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information
Segment profit	$ (151,202)	$ (75,877)	$ 84,068	$ 1,751,480
Unallocated amounts:
Operating expenses	(17,559,481)	(8,882,394)	(24,051,335)	(15,320,693)
Other income	(390,090)	2,698,679	$ (1,259,874)	$ 2,276,664
Reportable Segment [Member]
Segment Reporting Information
Segment profit	(151,202)	(75,877)
Unallocated amounts:
Operating expenses	(4,970,962)	(8,882,394)
Other income	(390,090)	2,698,679
Loss before tax provision	$ (5,512,254)	$ (6,259,592)

Segment Reporting (Details Text

Segment Reporting (Details Textual)	9 Months Ended
	Sep. 30, 2018Segment
Segment Reporting (Textual)
Number of reportable segments	6

Entry into a Material Definit_2

Entry into a Material Definitive Agreement (Details) - USD ($)	1 Months Ended
	Oct. 19, 2018	Jun. 22, 2018	Sep. 30, 2018	Dec. 31, 2017
Entry into a Material Definitive Agreement (Textual)
Common stock, par value			$ 0.001	$ 0.001
Mr. Chenliu [Member]
Entry into a Material Definitive Agreement (Textual)
Aggregate purchase price		$ 15,000,000
Common stock, par value		$ 0.001
Ownership interest rate		10.00%
Common stock sale of price		$ 3
Digipay [Member]
Entry into a Material Definitive Agreement (Textual)
Aggregate purchase price		$ 1,000,000
Common stock purchase of shares		20,000,000
Subsequent Event [Member] | Mr. Chenliu [Member]
Entry into a Material Definitive Agreement (Textual)
Common stock shares, issued	5,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details)

Mar. 02, 2018

Aug. 10, 2017USD ($)

Aug. 10, 2017CNY (¥)

Mar. 13, 2017USD ($)

Mar. 13, 2017CNY (¥)

Jun. 30, 2018USD ($)

Jun. 30, 2018CNY (¥)

Mar. 21, 2018USD ($)

Mar. 21, 2018CNY (¥)

Aug. 31, 2017USD ($)

Aug. 31, 2017CNY (¥)

Jul. 27, 2017USD ($)

Jul. 27, 2017CNY (¥)

Dec. 19, 2016

Nov. 30, 2016USD ($)

Nov. 30, 2016CNY (¥)

Sep. 30, 2016USD ($)

Sep. 30, 2016CNY (¥)

Dec. 23, 2015USD ($)

Jun. 29, 2015USD ($)

Jun. 29, 2015CNY (¥)

Apr. 30, 2015USD ($)

Apr. 30, 2015CNY (¥)

Jul. 31, 2014CNY (¥)

Sep. 30, 2017USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2018CNY (¥)

Sep. 30, 2017USD ($)

Dec. 31, 2016CNY (¥)

Dec. 31, 2017USD ($)

May 09, 2016USD ($)

May 09, 2016CNY (¥)

Mar. 08, 2016USD ($)

Mar. 08, 2016CNY (¥)

Dec. 23, 2015CNY (¥)

Jun. 29, 2015CNY (¥)

Apr. 30, 2015CNY (¥)

Commitments and Contingencies (Textual)

Repayment of bank loan, plus interest

$ 690,739

Expenses and liability recorded

5,800,000

Loan borrowed

21,136,179

$ 22,252,150

Repayments of debt

Shaanxi Qiyiwangguo [Member]

Commitments and Contingencies (Textual)

Action taken by court under litigation, description

(i) the Land Lease Agreement was thereby terminated; (ii) Shaanxi Qiyiwangguo shall pay Xi'an Shanmei the outstanding leasing fee RMB 211,621 (approximately $30,762) and (iii) Shaanxi Qiyiwangguo shall return the 29.3 mu industrial use land to Xi'an Shanmei. Shaanxi Qiyiwangguo has appealed the decision to the Xi'an Intermediate People's Court on the basis that: (x) the land use right was a capital contribution by Xi'an Shanmei for a shareholder of Shaanxi Qiyiwangguo who is also the sole shareholder of Xi'an Shanmei and Land Lease Agreement was invalid and has no legal effect; (y) Zhouzhi Court did not schedule the hearing for the count claims filed by Shaanxi Qiyiwangguo; and (z) Zhouzhi Court violated certain civil procedures during the trial of the case. Xi'an Intermediate People's Court has not yet scheduled a hearing for the appeal.

Suizhong Branch of Huludao Banking Co. Ltd [Member]

Commitments and Contingencies (Textual)

Repayment of bank loan, plus interest

$ 5,810,000

¥ 40,000,000

Loan maturity date

Dec. 9, 2016

Dec. 9, 2016

Interest rate, description

The Company has been disputing the interest rate of the loan with Suizhong Branch, and has not repaid the loan to date. Wonder Fruit believes that the interest charged by Suizhong Branch is 100% higher than the base rate set by People's Bank of China and is not in consistent with the China People's Bank's base interest and floating rate.

Haanxi Fangtian Decoration Co. Ltd [Member]

Commitments and Contingencies (Textual)

Loan guarantee amount | ¥

¥ 3,500,000

Repayment of bank loan, plus interest

$ 585,098

¥ 402,500

Borrowed amount from Fangtian

$ 508,780

¥ 3,500,000

Skypeople Jingyang [Member]

Commitments and Contingencies (Textual)

Repayment of bank loan, plus interest

$ 258,751

¥ 1,780,000

$ 455,564

¥ 3,133,916

Repayments of debt

$ 12,214,800

¥ 1,780,000

$ 27,932,300

¥ 4,060,000

Remaining debt | ¥

¥ 22,809,236

Xuzhou Jinkaifeng Glass Co. Ltd. [Member]

Commitments and Contingencies (Textual)

Payment for glass bottles

$ 55,040

¥ 365,292

Cinda Capital Financing Co. Ltd [Member]

Commitments and Contingencies (Textual)

Lawsuit expenses and liability

$ 7,300,000

Cinda Capital Financing Co. Ltd [Member] | Shaanxi Guoweimei Kiwi Deep Processing Co., Ltd [Member]

Commitments and Contingencies (Textual)

Amount claimed under lawsuit

$ 7,270,000

¥ 50,000,000

Leasing fees due | ¥

¥ 50,000,000

Trading Market Mei County [Member]

Commitments and Contingencies (Textual)

Lease back commitment, description

Cinda has purchased or paid for refrigerant warehouse and trading hall to the suppliers and vendors and agreed to lease them to the Leasees for a leasing fee of RMB 50 million in December, 2016.

Cinda has purchased or paid for refrigerant warehouse and trading hall to the suppliers and vendors and agreed to lease them to the Leasees for a leasing fee of RMB 50 million in December, 2016.

China Cinda Asset Management Co., Ltd. [Member]

Commitments and Contingencies (Textual)

Payments to suppliers

$ 5,800,000

¥ 39,596,250

¥ 100,000,000

Skypeople China [Member] | Cinda Capital Financing Co. Ltd [Member] | Shaanxi Guoweimei Kiwi Deep Processing Co., Ltd [Member]

Commitments and Contingencies (Textual)

Amount claimed under lawsuit

$ 12,350,000

¥ 84,970,959

Leasing fees due

$ 3,050,000

¥ 20,994,048

Leasing fees not yet due

$ 9,300,000

¥ 63,975,910

Andrew Chien [Member]

Commitments and Contingencies (Textual)

Litigation description

A former consultant of SkyPeople China, brought a lawsuit against the Company and Mr. Hongke Xue in the District Court of Connecticut. The complaint was not properly served and the Company learned of the litigation in December 2017. In the complaint, Mr. Chien has made several claims, most of which attempt to hold the Company liable under novel legal theories that relate back to an alleged breach of a consulting agreement between SkyPeople China and Chien from August, 2006. Mr. Chien claimed for approximately $257,000 damages and interest plus 2% of the Company's then-outstanding shares. Mr. Chien has unsuccessfully attempted to sue the Company on the breach of the same consulting agreement several times in the courts of Connecticut and New York and these cases have been dismissed in the past.

Loan payable to Bank of Beijing [Member]

Commitments and Contingencies (Textual)

Loan borrowed

$ 4,360,000

¥ 30,000,000

Loan payable to The Bank of Ningxia Xi'an branch [Member]

Commitments and Contingencies (Textual)

Loan borrowed

$ 25,000,000

¥ 3,630,000

Loan payable to China Construction Bank [Member]

Commitments and Contingencies (Textual)

Loan borrowed

$ 2,020,000

$ 3,330,000

¥ 22,900,000

¥ 13,900,000

Action taken by court under litigation, description

The Court has seized and sold by auction certain park space and land use rights pledged by Xiujun Wang and Boai for approximately RMB 25,000,000. The Court also seized certain land use rights pledged by Yingkou Trusty Fruits Co., Ltd., but the auction sale for those rights was not successful. SkyPeople China currently is in discussions with China Construction Bank on the payment terms and the final amount.

Loan payable to China Construction Bank Two [Member]

Commitments and Contingencies (Textual)

Loan borrowed

$ 4,360,000

¥ 30,000,000

Acquisition of a Business (Deta

Acquisition of a Business (Details) - USD ($)	May 03, 2018	Feb. 06, 2018	Jan. 23, 2018	Sep. 30, 2018	Dec. 31, 2017
Acquisition of a Business (Textual)
Common stock, par value				$ 0.001	$ 0.001
Peng Youwang [Member]
Acquisition of a Business (Textual)
Purchase price of shares common stock			1,200,000
Common stock, par value			$ 0.001
Fair value of options to purchase common stock			$ 9,600,000
Common stock shares, issued	600,000	600,000
Ownership interest percentage, description			DigiPay and Peng further agreed to establish a Japanese operating company for the Transfer Assets, of which DigiPay will hold a 60% ownership interest and Peng's designee will hold a 40% ownership interest.
Purchase price per share			$ 8
DCON [Member]
Acquisition of a Business (Textual)
Ownership interest percentage, description			60% ownership interest

Correction of an Error (Details

Correction of an Error (Details) - USD ($)	1 Months Ended	4 Months Ended	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2018	Mar. 31, 2018
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Allowance for bad debt	$ 5,583,194	$ 5,583,194	$ 5,583,194	$ 14,741,931	$ 5,583,194
Incorrectly amount			$ 3,081,437
Correction amount		$ 5,583,194
Kiwifruits orchard in Mei County [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Leasing fees	30,900,000
Orange orchard in Yidu city [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Leasing fees	$ 20,000,000

Subsequent Event (Details)

Subsequent Event (Details) shares in Millions	1 Months Ended
	Oct. 19, 2018shares
Subsequent Event [Member] | Mr. Chenliu [Member]
Subsequent Event [Line Items]
Common stock shares, issued	5